Text Size
Home 
FAQ's Home Selling Home Selling What is earnest money?
FAQ's Home Selling Home Selling What is earnest money?
What is earnest money?
- Date added:
- Thursday, 07 May 2009
- Last revised:
- Friday, 12 June 2009
- Hits:
- 2887
- Rating:
- Vote for this:
-
- 
- favoured:
-
0
Answer
When you make an offer, you will need to put up an earnest money deposit as a sign of good faith that you are seriously interested in buying a home. That deposit becomes a part of the purchase price and is held in a trust account until there is full acceptance of the offer. Typically, an earnest money is 3-5% of the offer amount. When you make an offer, you will need to put up an earnest money deposit as a sign of good faith that you are seriously interested in buying a home. That deposit becomes a part of the purchase price and is held in a trust account until there is full acceptance of the offer. Typically, an earnest money is 3-5% of the offer amount.
Category
Set as favorite
Email this
Trackback(0)
TrackBack URI for this entry
Comments (0)
Subscribe to this comment's feed
Write comment
Search and Valuation
Real Estate Services
Tweet Tweet
- 'Illegal Alien' mask flap spooks retailers http://usat.me/?36565726 How PC can we get? - - View »
- Obama links job growth to health care proposal http://usat.me/?36431288 Which econ class did Obama take? - - View »
- I question whether this will motivate the banks to move faster or take the money and run.: http://bit.ly/4704lO - - View »
- Getting ready for a full relaunch of OrangeDirectoryOnline.com. If your in or associated with the real estate industry, get listed free. - - View »
- RT @clancyfort: http://twitpic.com/cfsqr My son, the floater... After discovering he would drowned with the floater suit on, he swims kinda - - View »
Follow Me
Facebook Login
Login with Facebook (Site)Common Search Terms
Site Certification
In every transaction there is usually a request for repairs given to the seller by the buyer. The work order is usually backed up by a third party inspection report. The following is a list of some possible work orders. The work orders must be completed prior to closing and the seller is responsible for having them done. Check with your local authorities for specific requirements. 
A plan is something that most people over look when going into a new home purchase and if you don’t have one it could cost you lots and lots of money. A good REALTOR® will be able to help you with your plan. The biggest issue with your plan is TIME.